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Makes absolutely no sense maybe that’s why Primerica is a joke. You can never say anything is 100% of the time right for all clients. What about life insurance for estate planning? I’m sure term works great for that
This conversation even enforces my thought of Primerica from the beginning. 1. I’m acatully glad there are people/firms like this that give such bad advice, because it makes me look sooo good, when they actually get good/ the right advice. I truly hope that someone with the title RVP (or in a position of leadership/ influence) at Primerica is not actually teaching the good reps at the firm these principals. A quick lesson for RVP (which I’m assuming has never worked with high net worth clients before), estate planning for most clients is more about guarantees vs hoping congress/ President does or does not do something (which will get reversed by the next administration anyway). Estate planning is about guaranteeing a net benefit to their beneficiaries. Term does and will never accomplish this since it has an “end date” and no ones life expencty is known. Estate planning on the federal level is usually only half of the equation/ the local state estate tax being the other half. But what would I know, I’m only a CFP (and hiding behind it) haha. Income meaning nothing in our industry. I could make 10x more income if I did the wrong thing for clients, but want a career (I do this full time) and want to truly help people. Again don’t take my word for it, which is why in our industry 3rd party unbiased recognition is so important (Forbes, Barron’s, CFP, etc). When you think of true wealth management firms today, Primerica doesn’t even make any list I would consider even opening a checking account or insurance. Truth be told if the SEC implements a fiduciary rule (which they should) your firm is out of business. Good luck to you though, if you are truly a wealth advisor, look for a new firm
Have you received your pink Cadillac yet?
Wow
This is wild. Please don’t make it end!
I went from primerica to northwestern mutual. Primerica was shit in comparison. Your boy just failed and is bitter.
So you're 20% MLM? Mathematically that makes you a fuckin moron.
Primerica is a joke. Pyramid style, give me the names of everyone you know. Scam
There are good and bad advisers at all firms. However the structure of your firm is a Joke, you pray on desperate people in hopes of brighter future and all they are to you is a lead source! Scum bags you are!!
The fees Primerica charges on their brokerage accounts are brutal. Once I saw what other firms were charging and compared them to what Primerica was charging, I lost all faith in Primerica doing the right thing for their clients. I left shortly thereafter. I was so embarrassed that I fell for their garbage propaganda and put my friends and family in their products. I am still trying to fix the damage I did under my RVP’s guidance. A savings account at Chase Bank would have been a better investment.
The only, and I mean only platform that I believe is excellent was their new Lifetime Investment Platform for Managed Accounts (I think that’s what it was called). But with less than 2000 Series 65 advisors out of 125,000 reps, it doesn’t get the funds directed to it like it should.
The RVP I was under didn’t have a 65 and couldn’t put his clients in a managed account so instead of working with me to do so, being the right thing for the client, he continued to try to put them in a brokerage account with 7% upfront sales fees. I honestly don’t even think he understood how managed accounts worked. Seriously scary. And he’d been in the industry for 30+ years. No outside education from what I could see, just Primerica propaganda instead. Screwing people while he believed whole-heartedly that he was really doing the best thing for them!
Primerica be like:
Here is the best way to some up talent at Primerica. I was recruited to work there when I was in high school working at K-mart. All of you should sell Cutco knives and Girl Scout cookies. You probably know more about those than you do Financial Planning.
See you’re already going against your own statement about how Primerica licenses more people, who is just a number. We work with numbers you can only dream of.
Lmao!!!!! This proves how stupid and brainwashed you are!!!! Your firm tells you that winning the dalbar award means you are a real firm.... Its an award for having a good call center. Not even the best call center considering like 10 other firms also won it in 2017.
I know this sounds like I’m being a dick but primerica and nw mutual arguing about who’s a better investment firm is pretty funny.
I for the life of me can't understand what the OP is trying to do here. Obviously Primeamerica has a stigma behind it, justified or not, and the OP realizes that. So, to prove they are a good company, he verbally bashes and insults literally everyone else. Primeamerica is the ONLY good firm on the planet and ONLY Prime advisors are doing the right thing. Seems like a pretty horrible approach. Am I following this right?
It takes me over 30 swipes to come down here to read the updates.
I thought it was one team one dream ?
How can you claim BTID when the ratio of securities to life licensed is so low? There’s plenty of BT are people really investing the difference at the same pace? I’m on board with BTID it’s hard to flap your wings with so few licensed reps
A former Primerica rep became my client a few years ago. She’s in her 50s and her needs and views changed and she got a UL policy for final expense planning. Turns out she hadn’t been investing the difference to cover end-of-life costs and hadn’t saved enough for retirement to supplement. Seems like a decent solution to me, and I didn’t have to talk sh!t about other companies and products.
I think he’s trying to convince himself more than the rest of us.
If you want to write intelligently, OP, please educate yourself on the difference between “you’re” and “your”. *Rolls eyes”.